3 Main Online Money Making Scams That You Should be Aware of

Online money making scams have taken many different forms. Many people are trying to get rich by tricking Internet users. Knowing the types of scams and what they look like, will help you stay safe and not become a victim. Here is a list of some of the scams you need to watch out for.

Phishing

Phishing is a practice where scammers try to get you to give them your login details for your bank accounts or social media. The communication is usually through email and social media. The scammer makes the email look legitimate by using a bank name or other financial institutions. If you look closely, however, you will find that something in the name or email seems off. It can be as simple as the letter S being written as $. Never click on links or even open an email if you don’t trust the source or know where it is from. Delete immediately.

Nigerian scam

This scam is very well-known and has had a few variations because it has been around for a while. It works by sending an emotional email to the potential victim and makes it look like an official letter. They use logos or letterheads that look like it is from the government. They then ask you to help them retrieve money from a bank by paying small admin fees. They promise you a large sum of money in return. The problem is that they will keep asking for money and the sums will get larger. In the end, you are left broke and no large sum of money is coming your way.

Lottery scam

Almost anyone with an email address or cell phone has won the lottery at least once. The message congratulates you on winning this huge amount of money from some random country’s lottery. Yay, you! No matter that you never bought a ticket. These scams again ask you to pay a small fee before receiving your winnings. You will never see the zeros on that cheque.

When you come across anything that looks like these scams, delete immediately. Don’t open it. Don’t read it. Don’t click on anything. Just delete and forget about it.